Published Paper Details:

Any scheme of the government will have usually to be based on various appreciable circumstances which can reaches the aim of the scheme or campaign. An action plan started with an aim of promoting bank, financing, for startup ventures to boost entrepreneurship and to encourage start ups with creating of jobs is called as Startup India. The campaign was first announced by Prime Minister Narendra Modi in his address on 15th August, 2015 from the Red Fort. Besides by considering the historical and present background with future perspective of the real estate sector for shaping the way of it about future desired as government initiatives are necessary for every industry, the government has taken and taking various supporting measures. Out of which in the real estate sector The New Real Estate Act-2016 is an outstanding act which comes into force, for the positive impact for the sector. For the growth of real estate sector in Indian including residential, commercial and retail the main key drivers found are nuclear families, rapid urbanisation and rising house hold income. The sector is currently the fourth-largest sector in the country in terms of Foreign Direct Investment (FDI) inflows. It is fact that the real estate sector is directly or indirectly connected with different sectors of the economy, as any developments of the sector improves the other related sector or vice versa. In this way the real estate act becomes an opportunity to the appreciable scheme of the government i.e., Startup India campaign. Therefore, this paper attempts to look at several perspectives on the real estate act for the progress of the sector in India with reference to the Startup India campaign. For this descriptive paper the research undertaken is exploratory in nature with relevant secondary data.